19 June
The Covid-19 pandemic has led to the closure of schools and colleges across the world to contain the spread of the disease.
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The closures have left billions of students out of school impacting learning and schooling levels. In the long-term, the pandemic may impact marginalised groups and hurt the future earnings of millions of students.
João Pedro Azevedo, a development economist, tweeted on how the Covid-19 pandemic is expected to result in the loss of $1,408 in yearly earnings for students from the current cohort.
Further, students may lose between $6,472 and $25,680 in earnings over their lifetime.
The statistics are based on a new report from the World Bank containing data from 157 countries on how the pandemic is impacting schooling and learning outcomes.
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By GlobalDataThe new report notes that the pandemic may exacerbate inequality and students from minority groups are more likely to be affected.
